HSBC avoids fallout from First Brands collapse as Wall Street counts losses

HSBC has escaped the financial wreckage caused by the collapse of First Brands Group, a bankrupt auto-parts maker that’s left several Wall Street banks counting heavy losses, according to Bloomberg. On Thursday, HSBC confirmed that it had no exposure at all to First Brands’ failed financing deals, a rare case of staying clean while others […] source: https://www.cryptopolitan.com/hsbc-avoids-fallout-first-brands-collapse/